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Written by Anne Romanis Braun, a former staff member of the IMF's Research Department, this volume deals with the nature of wage determination and the problem of securing an economically appropriate development of money incomes in an open economy over the medium term
Persistent link: https://www.econbiz.de/10014402319
near the zero bound by studying the experience of Japan during the ""Lost Decade"" which followed the asset-price bubble … collapse in the early 1990s. Estimation results based on a structural model suggest that the Bank of Japan''s interest …
Persistent link: https://www.econbiz.de/10014402365
United Kingdom, the euro area, and Japan during the recent crisis on interbank credit and liquidity risk premia …
Persistent link: https://www.econbiz.de/10014402377
Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries …. This paper suggests that Japan''s dualities between regular and ""nonregular"" labor market contracts and the relatively … protection and benefits between regular and nonregular workers could help put Japan''s wages on an upward trajectory in the …
Persistent link: https://www.econbiz.de/10014402501
several insights about the way to manage such a transition and the downsides to avoid. In particular Japan offers useful … by Japan …
Persistent link: https://www.econbiz.de/10014402646
A sustained decline in fertility rates underlies a rapid aging and decline of Japan's population. This will have … Japanese banking system. The unemployment-deflation puzzle in Japan has been explained …
Persistent link: https://www.econbiz.de/10014402697
This paper examines the effects of quantitative easing implemented by the Bank of Japan (BoJ) since early 2001, looking …
Persistent link: https://www.econbiz.de/10014402735
How effective was public investment in stimulating the Japanese economy during the economic stagnation of the 1990s? Using a dataset of regional public investment spending, we find that investment multipliers were higher than for public consumption, although they were relatively low and...
Persistent link: https://www.econbiz.de/10014402911
Boosting growth through rebalancing is critical for addressing pressures from Japan’s aging population. This paper …
Persistent link: https://www.econbiz.de/10014403091
This paper uses vector autoregressions (VARs) to investigate four explanations of the extended slump in Japanese economic activity during the 1990s: the absence of bold and consistent fiscal stimulus; limited room for expansionary monetary policy because of a liquidity trap; asset price...
Persistent link: https://www.econbiz.de/10014403433